jeff, tell me why you disagree with me or ed. >> i do agree with you eliot. the proof of the pudding is the fact that we did cut tax rates on the rich in the early 2000s under president bush. they're the job creators, the investors, we got a bad economic recovery in expansion. virtually no job creation in that period. the reason is by in large what you're talking about. cutting tax on the rich is not the way to get growth. especially when taxes are already low. the way to get growth now is that we need more demand stimulus and the real danger is all this talk about cutting government spending can jeopardize the rather tepid economic growth we already have next year. >> eliot: ed, back to you. crs, congressional research service came out with a study that claims that there is, in fact no correlation between lowering taxes and increasing investment. many studies i have looked at reach the same conclusion. what is your sort of argument that those studies are wrong as a matter of analytical outcome? >> we don't give out ph.d.s for not finding correlation. first y